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39810 Amberley Circle Temecula, CA 92591

5 Beds 3 Baths 2,351 sqft Built 1988

$549,999

List Price

$2,380

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

December 03, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $233.94
  • 4 Days on Market
  • MLS # : SW20249879
  • Updated Date : 12/03/2020 at 14:34
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,351 sqft
  • Baths : 3 full
Listing Agent

Redfin Corporation

Listing Agent's Description

This is the home you have been waiting for! Absolutely Gorgeous 5 bedroom, 3 bathroom, Pool, Spa, and 3 car garage. No HOA, and Low Taxes. This home has it ALL plus Brand NEW exterior paint, Brand NEW interior paint, Brand NEW carpet and NEW HVAC system. The floor plan is very open and inviting. You enter into the formal living room and dining room with vaulted ceilings, plantation shutters, and lots of newer windows that are overlooking the beautiful pool and spa. The kitchen is upgraded with granite counter tops, breakfast bar, and stainless steel appliances. The Kitchen is open to the family. The family room has beautiful tile flooring and a fireplace. Downstairs also features a bedroom, full bathroom, and laundry room. Upstairs are 4 bedrooms, including the large master suite. One of the bedrooms is large enough for 2 children to share or to be utilized as a bonus/game room. The backyard is just as beautiful and private, with no neighbors looking into your yard. The Pool/Spa has newer plaster and tile, with a baja shelf and raised spa. The backyard is perfect for family gatherings and summer BBQs. There is plenty of patio space and grass area. The 3rd car garage also has pull through access directly to the back yard. This home is located in a great Temecula location. Close to award winning Temecula Unified Schools, shopping, restaurants, entertainment, and easy access to the 15 fwy. Schedule your private showing before it's gone! Please remember to remove your shoes!

SEE MORE

MARKET HIGHLIGHTS

  • The area has major technology nodes of excellence: Los Angeles (Media and entertainment); Pasadena (High-tech engineering, data analytics); Riverside (Agtech, transportation/ distribution); San Diego (Healthcare, biotech, wireless communications); Irvine (Medtech, cyber security); El Segundo (Aerospace and defense IT, space transport) [BCG, 2018]
  • Los Angeles has been awarded the 2028 Olympics under a funding commitment of $88 billion to upgrade the transportation infrastructure connecting disparate pockets of the metro area. This is expected to produce additional employment in the coming years. (BCG, 2018)
  • As part of Southern California area, Inland Empire market inherits all the benefits from the area.
  • Headquarters to several Fortune 500 companies: Amgen, Farmers Insurance, Walt Disney, Avery Dennison, Activision Blizzard, CBRE Group, Edison International, Molina Healthcare, First American Financial, Pacific Life, Qualcomm and Sempra Energy (Fortune, 2018)
  • Southern California area contributes to 55.3% of California state economy i.e. Gross State Product (USMayors.org, 2018)
  • Southern California produces more technology PhDs per year than any other region in the country and many of the higher educated students stay within Souther California contributing to readily available workforce skills making the area more attractive than Silicon Valley (BCG, 2018)
  • Southern California's economy is worth $1.58 trillion in Gross Metro Product and projected to grow to $1.67 trillion (USMayors.org, 2018)
  • Southern California has 58.7% labor force participation rate; within this area, Los Angeles metro has 62.3% labor force participation rate (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Serena Hills

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $149k614k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Serena Hills

NeighborhoodNIR Market*CityMarket2010Year2000 Q22019 Q2120014001600180020002200240026002800Rent in $10822996

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Rancho Elementary School Primary Regular 531 20 8
Margarita Middle School Middle Regular 862 33 7
Temecula Valley High School High Regular 2,722 103 9

Rancho Elementary School

  • Education Level: Primary
  • # of students: 531
  • # of teachers: 20
8
GreatSchools Rating

Margarita Middle School

  • Education Level: Middle
  • # of students: 862
  • # of teachers: 33
7
GreatSchools Rating

Temecula Valley High School

  • Education Level: High
  • # of students: 2,722
  • # of teachers: 103
9
GreatSchools Rating
 

$494,999$604,999$549,999

PURCHASE PRICE

$2,142$2,618$2,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,380
EXPENSES Loan Payment -$2,029
Property Tax -$588
Property Insurance -$84
Property Management Fees -$140
CASH FLOW
-$462

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$549,999

PROJECTED PRICE

$2,380

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.95%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.35%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$151,500

INVESTMENT

$151,500

Down Payment
$137,500
Rehab Estimate
$5,750
Closing Costs
$8,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$2,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $137,500
Loan Amount $412,499
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$6,892

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,380

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,375

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3003$2,3804$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 39810 Amberley Circle Temecula, CA 3
    • 5 beds 3 baths ∙ 2,351 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,351 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $1.01
    •  
  • 30343 Deer Meadow Road Temecula, CA 1
    • 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,210 Sqft ∙ Built 1988
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.95
    •  
  • 39552 Coral Sky Court Murrieta, CA 2
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 1995
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.99
    •  
  • 31675 Leigh Lane Temecula, CA 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 1990
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
  • 31052 Wellington Circle Temecula, CA 5
    • 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1988 5 beds 3 baths ∙ 2,291 Sqft ∙ Built 1988
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.05
    •  
PROPERTY LISTING DETAILS
Carrie Mazzotta
Redfin Corporation
Darryl John Willis
1.866.250.5610
HomeUnion.com
Lic. BRE# 01526904
California Regional Multiple Listing Service ( CRMLS)
MLS #: SW20249879
Last Updated: 12/03/2020
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